The recently released ADP figure of private sector job creation in the U.S. at 167,000 for June seems good news, after the somewhat dismal figures for May. The lower Oil price is doing its trick, and restoring confidence and productivity into the economy. Just imagine if such a scenario was maintained for the next six months or so. In this regard, as long as the diplomatic stance is maintained with regards to Iran, hopefully the Oil price can too be maintained, and that I believe will help Recovery stay on track.
Federal Bank Chief Ben Bernanke has reiterated that the interest rates will remain low till 2014, and a stimulus would be introduced if warranted.
Now that the Case-Schiller Index seems to be suggesting an improvement in the U.S. housing market, it seems to me that everything augers well for America. This can only give added courage to other economies, that the world trade and political atmosphere will continue to improve. For this, I pray.